Cetera Investment Advisers Trims Position in Top Ships Inc. (NASDAQ:TOPS)

Cetera Investment Advisers lessened its stake in shares of Top Ships Inc. (NASDAQ:TOPS) by 26.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,994 shares of the shipping company’s stock after selling 3,855 shares during the period. Cetera Investment Advisers owned 0.24% of Top Ships worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Top Ships in a research report on Sunday, May 18th. They issued a “hold” rating for the company.

Top Ships Stock Performance

TOPS stock opened at $5.49 on Tuesday. The business has a 50 day moving average price of $5.76 and a 200 day moving average price of $6.23. Top Ships Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $13.63. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.61 and a current ratio of 0.63.

About Top Ships

Top Ships Inc owns and operates tanker vessels worldwide. The company’s tanker vessels transport crude oil, petroleum products, and bulk liquid chemicals. As of December 31, 2023, it had a fleet with a total capacity of 1,435,000 deadweight tonnes (dwt) consisting of one 50,000 dwt product/chemical tanker, five 157,000 dwt Suezmax tankers, two 300,000 dwt very large crude carriers, and two 50,000 dwt product tankers.